JEPI vs. GSWO
JEPI (JPMorgan Equity Premium Income ETF) and GSWO (Goldman Sachs ActiveBeta World Equity ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. JEPI is actively managed, while GSWO is passively managed. Over the past 3 years, JEPI returned 8.83%/yr vs 16.39%/yr for GSWO. Their correlation of 0.82 means they have usually moved in the same direction. JEPI charges 0.35%/yr vs 0.25%/yr for GSWO.
Performance
JEPI vs. GSWO - Performance Comparison
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Returns By Period
In the year-to-date period, JEPI achieves a 3.37% return, which is significantly lower than GSWO's 9.77% return.
JEPI
- 1D
- 0.67%
- 1M
- 2.00%
- 6M
- 1.35%
- YTD
- 3.37%
- 1Y
- 7.34%
- 3Y*
- 8.83%
- 5Y*
- 7.17%
- 10Y*
- —
- ALL TIME*
- 11.13%
GSWO
- 1D
- 0.17%
- 1M
- 0.80%
- 6M
- 8.66%
- YTD
- 9.77%
- 1Y
- 15.09%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.06M | $3.14M | $3.93M | |
| $256.82M | $259.30M | $303.30M |
JEPI vs. GSWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 3.37% | 8.09% | 12.57% | 9.83% | 0.03% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.77% | 18.97% | 15.29% | 16.28% | -6.15% |
Correlation
The correlation between JEPI and GSWO is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.82 |
The correlation between JEPI and GSWO shifts across timeframes, from 0.64 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JEPI vs. GSWO — Risk / Return Rank
JEPI
GSWO
JEPI vs. GSWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Goldman Sachs ActiveBeta World Equity ETF (GSWO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JEPI | GSWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.72 | -0.57 |
| Martin ratioReturn relative to average drawdown | 3.22 | 7.82 | -4.60 |
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Drawdowns
JEPI vs. GSWO - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum GSWO drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for JEPI and GSWO.
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Drawdown Indicators
| JEPI | GSWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -17.77% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -8.93% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -9.97% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -1.97% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -3.19% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.95% | +0.42% |
Volatility
JEPI vs. GSWO - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.95%, while Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a volatility of 3.09%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than GSWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI | GSWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 3.09% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 10.30% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.06% | 11.66% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 13.02% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 13.02% | -2.28% |
JEPI vs. GSWO - Expense Ratio Comparison
JEPI has a 0.35% expense ratio, which is higher than GSWO's 0.25% expense ratio.
Dividends
JEPI vs. GSWO - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.05%, more than GSWO's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.55% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.05% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Frequently Asked Questions
JEPI and GSWO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSWO has higher volatility (3.09%) compared to JEPI (1.95%). In terms of maximum drawdown, JEPI dropped -13.71% vs GSWO's -17.77%.
On 3-year performance, GSWO leads with 16.39% vs 8.83% for JEPI. On fees, GSWO is cheaper at 0.25% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 16.39% return vs 8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSWO is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.05%, compared with 1.55% for GSWO.
JEPI is categorized as Dividend, while GSWO is Global Equities. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.35% for JEPI and 0.25% for GSWO.
GSWO currently has the higher Sharpe Ratio (1.31 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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